The Bellas F. Group, represented by Ms. Georgina, is comprised of 12 members who have demonstrated that they are hard-working, unified, supportive, and responsible during their last five loan cycles. The members’ businesses are growing every day. For example, the president of the group now has her own food store. Other businesses incluD. vegetable markets, party supply stores, call shops, and selling street food, such as api (a drink maD. from purple corn) and pastries, anticuchos (grilled meat on skewers), and hamburgers. Competition in the market is stiff, but these group members know how to get ahead. The loan will be used to expand their businesses by purchasing tables for their shops, and obtaining supplies and work tools to boost profits even more because their business growth implies a greater effort to continue growing in order to improve the lives of their families.
El grupo “Bellas F.” esta representado por las señora Georgina y conformado por 12 miembros D. socios muy trabajadores como lo han demostrado en sus cinco últimos ciclos demostrando unidad, apoyo y responsabilidad en cada uno D. ellos. Cada uno D. los socios se encuentra creciendo mas cada día en sus negocios D. venta como la presidenta que ya tiene su local D. expendio D. comida, venta D. verdura, cotillones, centros D. llamadas, y comidas al paso como api con pasteles, anticuchos y hamburguesas. La existencia D. la competencia en el mercado es granD. pero las socias saben como salir adelante. El destino del financiamiento es para agrandar sus negocios con la compra D. mesas para su atención en sus locales o expendios D. comidas, adquisición D. insumo y herramientas para mejorar mas aun sus ingresos ya que su crecimiento implica un mayor esfuerzo para seguir creciendo para mejor las vidas D. sus familias.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.